XMR/USDT – Technical Analysis (1D timeframe)

$

Current Price: 738.47

Trend: 🔥 Strong bullish breakout (parabolic move)

---

#BinanceHODLerBREV $BNB #MarketRebound #USNonFarmPayrollReport #USJobsData

📈 Market Structure

Price broke out from a long accumulation base near 410–450

Massive impulsive rally straight to 800.87 high

Structure = vertical expansion phase (late but strong momentum)

---

📊 Indicators Insight

Bollinger Bands:

Price expanded far above upper band → overextended

This usually leads to:

Short-term consolidation, or

Healthy pullback before next leg

Momentum:

Very strong buyers

But risk of correction increases after such steep moves

---

🧱 Key Levels

Immediate Resistance:

780 – 800 (rejection zone already visible)

Support Zones (Very Important):

700 – 680 (first support)

630 – 600 (strong demand area)

510 – 500 (major breakout retest zone)

---

🎯 Trading Scenarios

✅ Scenario 1: Pullback Buy (Safer)

Entry zone: 680 – 630

Stop-loss: below 600

Targets:

TP1: 780

TP2: 850

TP3: 920+

⚠️ Scenario 2: Chasing Now (High Risk)

Not recommended after vertical pump

Risk of 30–40% retracement is real in parabolic moves

---

🧠 Smart Trader Advice

Do NOT FOMO

Let price cool down

Best entries come after pullback + consolidation

📌 Bias:

Macro bullish

Short-term correction likely

If you want, I can give:

📍 Exact buy zones with Fibonacci

⚖️ Futures leverage plan (low-risk)

🪙 Spot holding strategy (3–6 months)

Just tell me 👍